Category: Business

Business

Stock markets extend losses to fourth day on surging crude oil prices

July 23, 2026 admin

From the Sensex pack, Adani Ports, Bajaj Finance, InterGlobe Aviation, Axis Bank, State Bank of India and Tata Steel were among the major laggards. Mahindra & Mahindra, Tata Consultancy Services, Eternal and Bajaj Finserv were among the winners. File | Photo Credit: Getty Images Market benchmark indices Sensex and Nifty ended lower on Thursday (July…

Business

Eternal shares surge more than 4% as Q1 profit jumps nearly four-fold

July 23, 2026 admin

Representational image only. File | Photo Credit: Getty Images/iStockphoto Shares of Eternal Limited, which runs businesses including Zomato and Blinkit, on Thursday (July 23, 2026), surged more than 4% after the company reported a nearly four-fold jump in consolidated profit in the June quarter. The stock jumped 4.28% to ₹295.55 on the BSE. On the…

Business

Rupee rises 5 paise to 96.48 against U.S. dollar in early trade

July 23, 2026 admin

On July 22, rupee depreciated by 28 paise to close at 96.53 against the U.S. dollar. File | Photo Credit: Getty Images/iStockphoto The rupee rose 5 paise to 96.48 against the U.S. dollar in early trade on Thursday (July 23, 2026), on possible intervention by the Reserve Bank even as heightened tensions in West Asia…

Business

Sensex and Nifty decline in early trade on surging crude oil prices

July 23, 2026 admin

From the Sensex pack, Infosys, Bajaj Finance, HDFC Bank, State Bank of India, NTPC and Reliance Industries were among the laggards. Trent and Eternal were the only winners from the pack. File | Photo Credit: ANI Market benchmark indices Sensex and Nifty edged lower in early deals on Thursday (July 23, 2026) due to surging…

Business

Govt has allocated ₹40,000 crore for scientific mine closures, says Union Coal Minister G. Kishan Reddy

July 23, 2026 admin

For mine closure, we have dedicated funds worth $5 billion, or approximately ₹40,000 crore from the Ministry, G. Kishan Reddy said. | Photo Credit: The Hindu Scientific mine closure is a national priority, and the government has allocated approximately ₹40,000 crore for scientifically closing completely-extracted coal mines, stated G. Kishan Reddy, Union Minister of Coal and Mines Wednesday. Speaking at the signing…

Business

Indian economy navigated well external uncertainties: RBI Bulletin

July 22, 2026 admin

RBI | Photo Credit: Reuters Indian economy has navigated well the external uncertainties and supply chain pressures, underpinned by healthy demand conditions and resilient performance of the industrial and services sectors, according to a Reserve Bank of India (RBI) bulletin. “The global economy is dealing with uncertain economic environment, supply chain disruptions and fragmented trading…

Business

IndusInd bank’s Q1FY27 PAT up 47% on lower provisions

July 22, 2026 admin

Private sector lender IndusInd Bank Ltd’s standalone net profit increased 46.5% year-on-year (YoY) to ₹1,002.5 crore in the first quarter (Q1) of FY27 on lower provisions and costs . The bank’s net interest income grew 7.2% YoY to ₹4,684.72 crore in Q1FY27 . Net interest margin was marginally higher at 3.52% in the review period…

Business

Net FDI turned negative again in May 2026 with outflows exceeding inflows by $74 million

July 22, 2026 admin

Net FDI turned negative again in May 2026 with outflows exceeding inflows by million

Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Net foreign direct investment inflows turned negative once again in May 2026, with outflows exceeding inflows by $74 million, according to the latest Reserve Bank of India data. This snapped a three-month streak of positive net inflows and was driven by a sharp drop in…

Business

Dr. Reddy’s Q1 net plunges 69% to ₹435.6 cr on lower revenue

July 22, 2026 admin

Hyderabad-based generic drugmaker Dr. Reddy’s Laboratories’ consolidated net profit slumped 69% year-on-year (YoY) to ₹.435.6 crore in the June quarter amid lower sales of cancer drug lenalidomide and nearly ₹240 crore provision necessitated by recent quality issue around weight loss drug Semaglutide. Total revenue from operations stood at ₹8,099.8 crore (₹8,572.1 crore), showed its results…

Business

Rupee falls 34 paise to close at 96.59 against U.S. dollar

July 22, 2026 admin

The rupee had settled higher by 11 paise at 96.25 against the American currency. File | Photo Credit: Getty Images/iStockphoto The rupee depreciated by 34 paise to close at 96.59 (provisional) against the U.S. dollar on Wednesday (July 22, 2026), weighed down by surging crude oil prices and heightened geopolitical uncertainty. Forex traders said risk…

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